#Bitcoin infrastructure company Alpen Labs raises $8.5 million in funding#
Hot Topic Overview
Overview
Bitcoin infrastructure firm Alpen Labs today announced the completion of an $8.5 million strategic funding round, led by DBA and Cyber Fund, with previous investors Ribbit Capital, Castle Island Ventures, and Geometry continuing to participate. The funds will be used to accelerate the development of its Bitcoin ZK Rollup project, "Strata," which is planned to launch on mainnet in 2025. Strata will function as an open platform aiming to expand and facilitate Bitcoin adoption by unlocking more practical functionalities for the cryptocurrency, including simple self-custody, privacy-preserving payments, interoperability, Bitcoin-backed lending and stablecoins. Alpen Labs previously secured $10.6 million in funding in April last year. This latest financing further demonstrates investor confidence in the project and its role within the Bitcoin ecosystem.
Ace Hot Topic Analysis
Analysis
Bitcoin infrastructure developer Alpen Labs recently announced the completion of an $8.5 million strategic funding round led by DBA and Cyber Fund, with previous investors Ribbit Capital, Castle Island Ventures, and Geometry continuing to participate. The funds will be used to accelerate the development of its Bitcoin ZK Rollup project, "Strata," which is scheduled to launch its mainnet in 2025. Strata aims to expand and promote the use of Bitcoin, unlocking more functionalities for it, including simple self-custody, intuitive and privacy-preserving payments, interoperability, Bitcoin-backed lending and stablecoins, and more. Alpen Labs previously completed a $10.6 million funding round in April 2024 led by Ribbit Capital. This latest financing underscores investor confidence in Alpen Labs' Bitcoin ZK Rollup technology and its potential to expand the Bitcoin ecosystem. Strata will be open to the public next month with the upcoming release of its testnet, providing more options and opportunities for Bitcoin users.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Alpen Labs is developing a Bitcoin ZK Rollup project called Strata, aiming to expand and promote Bitcoin usage.
Strata will be launched as an open platform, unlocking a range of practical features for Bitcoin, such as simple self-custody, intuitive and privacy-preserving payments, interoperability, Bitcoin-backed lending and stablecoins.
Alpen Labs has secured $8.5 million in strategic funding, led by DBA and Cyber Fund, with continued participation from seed round investors Ribbit Capital, Castle Island Ventures and Geometry.
Strata is planning to launch its mainnet in 2025 and will be open to the public starting next month with the upcoming testnet release.